Coast Entertainment Holdings Limited

Kalkine’s Global Travel & Leisure Report offers a comprehensive view of the key companies and evolving trends across the travel value chain covering countries including US, Canada, Australia, UK, and New Zealand. This includes airlines, hospitality chains, digital travel platforms, as well as the rapidly growing leisure, entertainment, and gaming segments that are redefining the way people engage with travel experiences.

Australia’s travel and leisure industry, particularly the theme park segment, plays a significant role in supporting tourism-led economic activity. Major theme park clusters are primarily concentrated in Queensland’s Gold Coast region, which serves as a key destination for both domestic and international visitors seeking entertainment-driven, family-oriented leisure experiences. The performance of Australia’s theme park industry remains closely linked to international visitor arrivals, resident travel activity, and broader tourism demand trends. Strong inbound tourism supports core revenue streams, including ticket sales, accommodation occupancy, and ancillary income streams such as food, merchandise, and premium visitor experiences. In recent periods, Australia has continued to witness resilient tourism recovery momentum, supported by improved airline connectivity, strengthening demand from Asia-Pacific markets, and favourable travel conditions, which collectively contribute to sustained visitation across major leisure attractions.

According to the Australian Bureau of Statistics (ABS), recent tourism flow indicators further highlight sustained travel activity across Australia. In March 2026, total arrivals reached approximately 1.83 million, while total departures stood at around 1.89 million, reflecting continued strength in cross-border mobility. In February 2026, short-term visitor arrivals totalled 943,220, representing a 19.7% year-on-year increase, while short-term resident returns declined by 3.5% year-on-year to 891,460. Overall, total arrivals during February 2026 reached 1,986,720, marking a 6.2% year-on-year increase, while total departures rose to 1,675,760, reflecting a 10.4% year-on-year increase. The continued rise in international arrivals is expected to support visitation across key tourism attractions, including theme parks, while increasing outbound travel activity indicates improving consumer confidence and strengthening travel mobility trends.

Australia’s theme park industry outlook remains positive, supported by continued recovery in international tourism, stable domestic travel demand, and ongoing investment in new attractions and integrated entertainment precincts. Rising inbound visitor flows, supported by improved airline capacity and favourable travel conditions, are expected to support visitation growth across major leisure destinations. In addition, the expansion of premium experiences, seasonal events, and digital engagement platforms is likely to enhance visitor spending and operational efficiency. Over the medium term, sustained tourism growth and infrastructure development are expected to support stable attendance levels and revenue generation across Australia’s theme park and broader travel and leisure sector.

Kalkine’s Global Travel & Leisure Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on Coast Entertainment Holdings Limited (ASX: CEH).

Section 1: Company Overview and Fundamentals Insights

Company Overview: Coast Entertainment Holdings Limited (ASX: CEH) is an Australia-based company, which invests and operates leisure and entertainment businesses. The company's theme parks and attractions business include Dreamworld and WhiteWater World in Coomera, Queensland and the SkyPoint observation deck and climb in Surfers Paradise, Queensland. Kalkine’s Global Travel & Leisure Report covers the Investment Highlights, Key Financial Metrics, Risks, and Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~61.04% of the total shareholding. Spheria Asset Management Pty Limited and FIL Investment Management (Australia) Limited hold maximum stakes of 16.46% and 10.82%, respectively. 

1.4 Key Metrics: CEH’s operating margin improved to +3.50% in H1FY26, up from -5.80% in H1FY25. Below is captured other metrics:

Section 2: Business Updates, Financial and Operational Highlights

2.1 Recent Business Updates:

2.2 H1FY26 Results Highlights (for the 06 months ended 30 December 2025): Below mentioned are some key financial highlights:  

2.3 Historical Financial Trend

Section 3: Key Risks and Outlook:

Section 4: Stock Recommendation Summary

4.1 Price Performance and Technical Summary

The stock has decreased by ~16.07% in the last three months, whereas over the past one year, stock has increased by ~20.51%. The stock has a 52-week low and 52-week high of AUD 0.317 and AUD 0.595, respectively. The stock is currently trading above the midpoint of its 52-week trading range. The CEH was last covered in a report dated ‘17 September 2025’.

4.2 Fundamental Valuation and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 23 April 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided have been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.